News
WSJ | $1.6 Billion Budget Cut Passed for Illinois Gap
Illinois is taking steps toward plugging one of the nation's worst fiscal gaps, with state lawmakers passing deep cuts to Medicaid and considering a tax increase for cigarettes to cover a $2.7 billion shortfall in the state and federal health program for the needy, disabled and elderly.
Econ Comments & Analysis
WSJ | The History Boys
Riffing on the re-election trail, President Obama often tells crowds that "We've got to move forward to the future we imagined in 2008." An imaginary future from the past—got it. Then there's the imaginary history of the past that Mr. Obama has been recounting lately, when his first-term spending and debt boom never happened.
Washington Times | Spending lies run into facts
Many in the political class, including President Obama and many members of Congress, have an interest in confusing, rather than enlightening, the public.
AEI | Cut to grow
Austerity measures in Europe have been the topic of a heated and mostly confused debate in the economic world. During the May summit of the leading industrial nations at Camp David, German chancellor Angela Merkel and other European leaders pushed for continued European austerity. Keynesian critics argue that these policies destroy economic growth.
Blogs
National Review | Fact-Checking Obama on Spending
Something really strange is happening in Washington these days: The same people who are always arguing that the only way to boost economic growth is to spend and spend and spend are also the ones bragging about President Obama’s record, wait for it, as the smallest spender of all presidents.
